← Logistics Dictionary

Free on Board (FOB)

What is Free on Board?

The term Free on Board is used to specify who bears the costs of shipment between a buyer and a seller from the point of departure. Once the shipment is on board a vessel, the buyer bears the risks and costs associated with the shipping.

The use of FOB term is strictly for goods transported through the sea or inland waterways.

You may also be interested in these articles

Trends

DHL Road Freight Market News – Q2 2024

In the second quarter of 2024, the outlook for economic development remains restrained, although there are some indications of growth. ...

8. July 2024 / Reading time: ~ 4 Min.